The Indian Steel Industry dates back to 1907 when Tata Iron & Steel Co.Ltd. (TISCO) was registered. In independent India, for four decades the industry grew in a highly protected and controlled environment. Between 1948 and 1990 the domestic production of crude steel has grown at an annual average compound rate of 6.1 % from 1.5 million tonnes to 15 million tonnes. The economic reforms initiated by the government since 1991 have added new dimensions to industrial growth in general and steel industry in particular. Lisencing requirement for capacity creation has been abolished. Steel industry has been removed from the list of industries reserved for public sector. Price and distribution controls were removed from January 1992 with a view to make the steel industry efficient and competitive. Restrictions on external trade both in imports and exports have been removed and import duty rates have been reduced drastically.
All these measures have resulted in an up looking steel sector taking steel production to 22.72 million tonnes in 1996-97. At the same time it is witnessing a cut throat competition and also the closure of some of the units.
The key to success seems to be globalization. The international trade has become far more important than earlier days. Also one has to consider the effects of global steel industry on the domestic one and plan the strategy accordingly. Experts feel that the business would gradually shift from money to expertise and information in coming years. So let us be ready to accept and digest that change.
Inaugurated by :- Development Commissioner for Iron & Steel
Key Note Address : Mr. Moosa Raza
International Trade - Problems & ProspectsSession Chairman - Mr. J. Mehra (MD. Essar Steels Ltd.)
i) TISCO - Mr. Rana Sinha (Director)
ii) Ispat Industries Ltd. - Mr. Barin Das (VP. Mkg)
iii) Jindal Vijaynagar Steels Ltd. - Mr. S. W. Wagh (Sr. V. P., International Mkg.)
iv) Rashtriya Ispat Nigam Ltd. - Mr. S. K. Narayan (Executive Director, Marketing)
v) Beddows & Co. (U.K.) - Dr. Rod Beddows (Chairman)
vi) SAIL - Mr. B.N.Jha
Information Technology - An enabler to global competitivenessSession Chairman - Mr. Anil Laud (MD. Siemens Information Systems Ltd.)
i) Essar Steel Ltd. - Mr. A. P. Kastuwal (Vice President, IT)
ii) Siemens Information Systems Ltd. - Mr. Rana Mukharjee (GM. Marketing)
iii) i2 Technologies (USA) - Mr. Dian Jen (Vice President, Metals)
iv) Joint Plant committee (Ministry of Steel )- Mr. S. Gupta (Manager EDP)
Ministry of Steel
Date & Venue |
Regal Room No.3, The Oberoi Towers. Nariman Point, Mumbai